DFC ANNOUNCES CHUBB AS LEAD INSURANCE PARTNER FOR MARITIME REINSURANCE PLAN

The following information was released by U.S. International Development Finance Corporation (DFC):

The U.S. International Development Finance Corporation (DFC) today announced that Chubb will serve as the lead partner for DFC's $20 billion Maritime Reinsurance plan designed to resume commercial shipping in the Gulf.

Chubb, a global leader in Property and Casualty insurance, including Political Risk and Maritime insurance, will act as the lead underwriter issuing policies for eligible vessels. Together, DFC and Chubb have identified several American insurance companies to provide reinsurance policies behind Chubb and alongside DFC to expand market capacity. Additional reinsurance partners may be announced in the coming days.

Chubb, a NYSE listed company, is the world's largest publicly traded Property and Casualty insurer and is a best-in-class provider of Political Risk and Maritime insurance. The company has decades of experience serving multinational corporations, energy companies, and global shipping operators worldwide.

Maritime Reinsurance details:

DFC reinsurance facility will insure losses up to approximately $20 billion on a rolling basis.

This revolving insurance offering will apply only to vessels that meet eligibility criteria.

Insurance will focus on Hull and Machinery and Cargo to start.

DFC has identified best-in-class, preferred American insurance partners, and named Chubb, an American-listed company, as lead underwriter.

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The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is the international investment arm of the U.S. Government. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers.